Micro-finance: A Supportive Tool for Entrepreneurship Development in Jammu and Kashmir

Abstract - Boosting job creation, raising income, reducing vulnerability and increasing investments in human capital needs an access to financial services which comes under the ambit of Microfinance which cater to needs of poor clients and other needy stakeholders. Microfinance is a way forward to reach the targets of financial inclusion. Enterprises take micro loans for their start-ups. The present paper attempts to find out the awareness of microfinance programmes among different stakeholders, and to see the impact of Microfinance on entrepreneurship development. People get information of microfinance programmes through their friends, relative, peers, government officials etc. In the present global scenario their remains certain points to be given a due consideration like performance appraisal, cash flow management, new financial product strategy, advanced technology etc which will boost interest of microfinance among individuals and will also enhance the enterprise development